Welcome Guest | Sign In
ECTNews.com
Salesforce Industries Summit
E-Commerce Times TechNewsWorld CRM Buyer LinuxInsider
Discussions

E-Commerce Times Talkback

 
ECT News Community   »   E-Commerce Times Talkback   »   Re: Credit Card Security Revamp in Works



Re: Credit Card Security Revamp in Works
Posted by: John P. Mello Jr. 2006-07-15 02:33:09
See Full Story

A revamping of security standards is being prepared by the major payment card issuers and is expected to be announced within the next 60 days. "[MasterCard along] with other payment brands including American Express, Discover, JCB and Visa are currently considering potential, recommended updates to the PCI Data Security Standard based on feedback provided by industry stakeholders," MasterCard Global Technology Communications Vice President Christina Rae told the E-Commerce Times.


Re: Credit Card Security Revamp in Works
Posted by: PaulNews 2006-07-15 02:40:45 In reply to: John P. Mello Jr.
It is good to see that the card industry responds to the massive security loopholes in card payment, as well as to the massive fraud incidents with policy making on the merchants's side. The card industry however misses again to address the topic of consumer authentication, which is key to this problem. When will this change?
Regards
Wolf
Jump to:
When considering a new smartwatch, which feature set is most important to you?
Alerts and Notifications
Calls and Messaging
Clock and Time Tracking
Contactless Payments and Banking
Design and Personalization
GPS and Maps
Health and Fitness
Music and Video